Spotify Hits a High Note: Valuation Tops $4 Billion

Music Service Raises $250 Million as It Expands World-Wide

Spotify AB has secured about $250 million in new financing that values the music-streaming company somewhere "north" of $4 billion, according to multiple people familiar with the deal.

The round of funding, led by Silicon Valley firm Technology Crossover Ventures, will help fuel Spotify's global expansion plans. While already established in many Western markets, including the U.S., Spotify is aiming to launch its service in...

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Spotify's High Note: Over $4 Billion Valuation

Spotify has secured about $250 million in new financing that values the company at over $4 billion. (Photo courtesy of Spotify.com)